22-Unit Apartment
For Sale
$8,800,000
Pending
17062 B Lane, Huntington Beach, CA 92647
The single-story community offers two-bedroom residences with washer/dryer hookups and individual garage parking.
Property Size20,570 SF
Lot Size1.38 Acres
Days on Market14
Property Features for 17062 B Lane
General Information
Standard status
Pending
Size
20,570 SF
Lot size
1.38 Acres
Property subtype
Residential Income
Site & Location
Neighborhood
Beach
Units
Unit Mix
22 x 2BR
Multifamily Units
22
Parking per Unit
2
Amenities
washer/dryer hookups
wall furnace heating
false
22
1
44
Assessor
56236
42
200x61
1.291
Garage,Uncovered
20570
11
Building Details
Building Size
20,570 SF
Year Built
1967
Stories
1
Listing Agency:
CB Richard Ellis, Inc.
(949) 809-3615
Listed By:
Michael O'Neill II · License #CA 02036937
(951) 756-0448
Source:
Larryparent
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 31 at 2:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CB Richard Ellis, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 20,570-square-foot apartment property contains 22 single-story, two-bedroom units and was built in 1967. Each residence has washer/dryer hookups and wall-furnace heat, along with one assigned garage and one uncovered parking space.
The property spans four contiguous parcels at 17062 B Lane in Huntington Beach. Its Walk Score is 83. Detached garage conversions are identified as a potential avenue for adding ADUs.
The property spans four contiguous parcels at 17062 B Lane in Huntington Beach. Its Walk Score is 83. Detached garage conversions are identified as a potential avenue for adding ADUs.
Key Highlights
- 22 two‑bedroom apartment units in a single‑story configuration
- 20,570 square feet; built in 1967
- Each unit includes washer/dryer hookups and wall‑furnace heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$443,433
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,868,660
$8.9M
Cap Rate 7%
$6,334,757
$6.3M
Cap Rate 9%
$4,927,033
$4.9M
Market Conditions
NOI Build-Up for 20,570 SF
Gross rent
$826.9K $40.20/SF
− Vacancy
−$20.7K −$1.01/SF
EGI
$806.2K $39.20/SF
− OpEx
−$362.8K −$17.64/SF
NOI
$443.4K $21.56/SF
Area
Huntington Beach, CA
Vacancy
2.50%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,868,660
Cap Rate 7%
$6,334,757
Cap Rate 9%
$4,927,033
Alternative Uses
Best Use
Apartment 5plus
$6.33M
$5.54M – $7.39M
NOI $443,433 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.11M
$6.22M – $8.29M
NOI $497,629 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
22
Residential units
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
Explore this area
Business Placement
Demographics for 92647, CA
60,455
Population
22,340
Households
2.7
Avg Household Size
38
Median Age
39%
College-Educated
91%
High-School Grad
7.5 sq mi
ZIP Area
8,061
Density / Sq Mi
$107,877
Median Household Income
$47,882
Median Earnings
$2,400
Median Rent
$963,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The single-story community offers two-bedroom residences with washer/dryer hookups and individual garage parking.
Where is this apartment building located?
The property is located at 17062 B Lane Huntington Beach, CA.
What is the asking price?
The asking price for this property is $8,800,000.
What are key features of this property?
This property features: 22 two‑bedroom apartment units in a single‑story configuration; 20,570 square feet; built in 1967; Each unit includes washer/dryer hookups and wall‑furnace heating
